NASDAQ$TLS
Telos Corporation · Q3 2025 earnings
Q3 2025 earnings · · Before market open · Investor relations
Briefing
Telos reported a year-over-year revenue growth of 116% in Q3 2025 and exceeded guidance expectations.
Telos delivered $51.4 million in revenue for Q3 2025, marking a 116% year-over-year growth, driven by a surge in Security Solutions. Despite a GAAP net loss, the company posted positive adjusted EPS and free cash flow, and raised guidance for the second half of 2025.
- Q3 2025 revenue reached $51.4 million, exceeding guidance and up 116% year-over-year
- Security Solutions revenue grew 154% YoY, contributing the majority of total revenue
- GAAP net loss was $2.1 million, while adjusted EPS was $0.09
- Free cash flow was $6.6 million, with a margin of 12.8%
Headline financials
Revenue & EPS history
Telos · Revenue · Quarterly
$51.4M
Forward guidance
Telos raised its outlook for the second half of 2025, forecasting continued strong revenue performance in Q4, while accounting for possible short-term delays from federal government shutdowns.
Tailwinds
- Q4 revenue expected between $44.0M and $46.3M
- Full-year 2025 revenue expected between $162.0M and $164.3M
- Q4 adjusted EBITDA expected between $4.0M and $5.7M
- Adjusted EBITDA margin for Q4 projected between 9.1% and 12.3%
- Raised guidance based on strong Telos ID performance and revenue weighting to Q3
Headwinds
- Potential for short-term administrative delays due to federal government shutdown
- Q4 revenue range implies sequential decline from Q3 peak
- GAAP net income guidance not provided
- Adjusted EBITDA margin guidance reflects narrower range compared to Q3
- Uncertainty remains around timing of certain government contracts
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q3 2025
-4.3%
Avg return
Earnings day
-0.2%
Avg return
5 days after
+1.5%
Avg return
30 days after
36%
8 / 22 earnings
Positive
+24.8%
Q3 2023
Best reaction
-68.4%
Q3 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -5.4% | -6.7% | — | |
| Q4 2025 | -3.7% | +1.2% | +3.7% | |
| Q3 2025 | +21.5% | -8.3% | -5.0% | |
| Q1 2025 | -19.6% | +6.9% | +12.2% | |
| Q4 2024 | -9.1% | -7.0% | -15.7% | |
| Q3 2024 | -12.7% | -22.3% | -17.1% | |
| Q2 2024 | -30.2% | -41.8% | -15.6% | |
| Q1 2024 | -11.2% | +16.6% | +18.6% | |
| Q4 2023 | +24.8% | +38.7% | +14.3% | |
| Q3 2023 | +24.8% | +38.9% | +45.1% | |
| Q2 2023 | +12.2% | -3.5% | -7.4% | |
| Q1 2023 | +22.7% | +55.2% | +43.1% | |
| Q4 2022 | -24.4% | -22.2% | -20.9% | |
| Q3 2022 | -68.4% | -55.8% | -60.4% | |
| Q2 2022 | +3.9% | +9.9% | +17.1% | |
| Q1 2022 | -0.7% | +7.7% | +30.3% | |
| Q4 2021 | -2.2% | -2.1% | -6.8% | |
| Q3 2021 | -27.9% | -22.8% | -36.5% | |
| Q2 2021 | -0.5% | +12.7% | +27.0% | |
| Q1 2021 | -16.5% | -14.2% | +0.3% | |
| Q4 2020 | +14.0% | +7.3% | +2.4% | |
| Q2 2020 | +14.0% | +7.3% | +2.4% | |
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